Yasmin expects total sales of

$350,000

in

January

and

$400,000

in

February.

Assume that

Yasmin's

sales are collected as follows:

November

sales totaled

$310,000,

and

December

sales were

$325,000.

Prepare a schedule of cash receipts from customers for

January

and

February,

including the calculation for the Net Accounts Receivable balance on

February

28.

Round answers to the nearest dollar. (If an input field is not used in the table leave the input field empty; do not enter a zero.)

Prepare a schedule of cash receipts from customers for

January

and

February.

(If an input field is not used in the table leave the input field empty; do not enter a zero.)

Yasmin expects total sales of $350,000 in January and $400,000 in February. Assume that Yasmin's sales are collected as follows: (Click the icon to view the collections.) November sales totaled $310,000, and December sales were $325,000. Prepare a schedule of cash receipts from customers for January and February, including the calculation for the Net Accounts Receivable balance on February 28. Round answers to the nearest dollar. (If an input field is not used in the table leave the inpu field empty; do not enter a zero.) Prepare a schedule of cash receipts from customers for January and February. (If an input field is not used in the table leave the input field empty; do not enter a zero.) Cash Receipts from Customers Total sales January February $ 350,000 $ 400,000 January February - X More Info $ 24,800 130,000 Cash Receipts from Customers: Nov.-Credit sales, collection of Nov. sales in Jan. Dec.-Credit sales, collection of Dec. sales in Jan. Dec.-Credit sales, collection of Dec. sales in Feb. Jan.Credit sales, collection of Jan. sales in Jan. Jan.Credit sales, collection of Jan. sales in Feb. Feb.-Credit sales, collection of Feb. sales in Feb. $ 26,000 175,000 50% in the month of the sale 40% in the month after the sale 8% two months after the sales 140,000 200,000 2% never collected $ 329,800 $ 366,000 Total cash receipts from customers Print Done Determine the Net Accounts Receivable balance on February 28. Included in Accounts Receivable at February 28 JanCredit sales, collection of Jan. sales in Mar. Feb.Credit sales, collection of Feb, sales in Mar. Feb.-Credit sales, collection of Feb. sales in Apr. Net Accounts Receivable balance on February 28 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check